Poultry Meat Market in Food, Beverage & Tobacco,Food Products,Packaged Foods & Meats sector To Grow At a CAGR of 2.93% During The Period 2019-2023

iCrowd Newswire - Aug 20, 2019

Poultry Meat Market Report offers the past, present and future industry trends and the forecast information related to the estimated Poultry Meat sales revenue, Poultry Meat growth, Poultry Meat demand and supply scenario in Food, Beverage and Tobacco, Food Products, Packaged Foods and Meats sector. Moreover, the opportunities and the threats to the development of Poultry Meat market are also covered at depth in this research report. Initially, the Poultry Meat manufacturing analysis of the major industry players based on their company profiles, annual revenue, sales margin, growth aspects are also covered in this report, which will help other players in driving business insights.

The global poultry meat market size is driven by the increasing export and import activities of poultry meat such as chicken. Over the past few years, the market has witnessed an increase in the demand for chicken meat from countries such as Japan, Mexico, the European Union, and China. In 2018, Japan was the largest importer of chicken meat while Brazil and the US were the largest exporters of chicken meat. Countries such as Ukraine and Thailand have increased the export of chicken meat over the past few years. The increasing import and export activities of poultry meat is expected to drive the growth of the global poultry meat market at a CAGR of around 4% during 2019-2023.

Poultry MeatMarket 2019 Trend, Challengeand Driver: –

Market Overview

Increasing investments in the global poultry meat market

To cater to the growing demand for poultry meat across the world, market vendors are expanding, which is also improving their global footprint. For instance, Bahamas Striping Group of Companies recently announced its plans to expand its BSGC Broilers Production Farm in the Bahamas. Such expansion plans among market vendors are expected to fuel the growth of the global poultry meat market size.

Increased demand for plant-based protein

The growing popularity of plant-based protein products such as soy protein is expected to have a negative impact on the growth of the global poultry meat market. Several leading food brands across the world are investing heavily in the development of sustainable plant-based foods.

For the detailed list of factors that will drive and challenge the growth of the poultry meat market size during 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented with several players occupying the market share. Companies such as BRF SA and Cargill Inc. have intensified competition.

Factors such as the increasing import and export of poultry meat and the growing investments in the global poultry meat market will provide significant growth opportunities for poultry meat producers. BRF SA, Cargill Inc., Hormel Foods Corp., JBS SA, and Tyson Foods Inc. are some of the major companies covered in this report.

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